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Question
Neha loaned Rs 27500 to a friend for 1 3/4 years at 8 % p.a. compound interest. Find the interest earned by her.
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Solution
Amount = `"P" (1 + "r"/100)^"t"`
Amount = `27500 (1 + 8/100)^(1.75) = "Rs" 3982`
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